Best Forex Brokers in Argentina for 2024

Last updated Oct 8, 2024

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Argentina based on our analysis:

  1. 1
    IC Markets Logo
    IC Markets - Best Forex broker in Argentina - A wide range of trading assets. Low spreads. Variety of trading platforms.
  2. 2
    AvaTrade Logo
    AvaTrade - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  3. 3
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  4. 4
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  5. 5
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  6. 6
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  7. 7
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  8. 8
    Oanda Logo
    Oanda - Tight spreads. Diverse markets and products. Advanced trading platforms.
  9. 9
    FBS Logo
    FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets.
  10. 10
    XM Logo
    XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.

This detailed guide is designed to assist you in finding a broker that matches your trading strategy while prioritizing the protection of your investments. Each broker listed here is distinguished by its unique features, advanced technology, and stringent security protocols, ensuring an outstanding trading experience in Argentina's vibrant Forex market.

List of the Best Forex Brokers in Argentina in 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$200
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
6
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2001
Minimum Deposit
$1
8
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Foundation Year2001
Minimum Deposit
$1
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$5
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$5

1. IC Markets

IC Markets Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
compare IC Markets trading accounts

IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.

IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.

Pros and Cons of IC Markets

Pros

  1. A wide range of trading assets.
  2. Low spreads.
  3. Variety of trading platforms.
  4. Quality educational materials.
  5. Efficient customer support service.

Cons

  1. High minimum deposit.

2. AvaTrade

AvaTrade Logo
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.

Pros and Cons of AvaTrade

Pros

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

3. RoboForex

Roboforex Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
compare Roboforex trading accounts

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

Pros and Cons of Roboforex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

4. FxPro

FxPro Logo
4
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
compare FxPro trading accounts

FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro

Pros

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

5. AMarkets

AMarkets Logo
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
compare AMarkets trading accounts

AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.

Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.

Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.

Pros and Cons of AMarkets

Pros

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

6. Deriv

Deriv Logo
6
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
compare Deriv trading accounts

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Pros and Cons of Deriv

Pros

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

7. Admirals

Admirals Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
compare Admirals trading accounts

The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.

Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.

Pros and Cons of Admirals

Pros

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

8. Oanda

Oanda Logo
8
4.3/5
Oanda review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft CommoditiesBonds
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare Oanda trading accounts

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.

Pros and Cons of Oanda

Pros

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

9. FBS

FBS Logo
9
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5FBS Trader
compare FBS trading accounts

FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.

Pros and Cons of FBS

Pros

  1. Regulated by major international organizations.
  2. Low spreads and commissions.
  3. Wide range of trading assets.
  4. Extensive database of educational materials and analytical tools.
  5. Support for various trading platforms.

Cons

  1. Limited choice of trading accounts.
  2. Limited choice of account currency.

10. XM Group

XM Logo
10
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

Regulation of Forex Brokers in Argentina

The regulatory landscape for Forex and CFD brokers in Argentina is thorough and stringent, ensuring the fairness and transparency of trading activities.

Key Regulatory Bodies in Argentina

  • Central Bank of Argentina. The Central Bank is the main regulatory authority for foreign exchange activities in Argentina. It is responsible for supervising Forex brokers to ensure adherence to regulations and promote market stability. Key requirements for obtaining a Forex license in Argentina include a minimum capital requirement, the appointment of a compliance officer, the establishment of internal controls, and the implementation of Anti-Money Laundering (AML) and Customer Due Diligence (CDD) measures.

  • Comisión Nacional de Valores (CNV). The CNV is the main regulatory body for financial markets in Argentina, including Forex brokers. It enforces regulations to protect investors and maintain the integrity of the market.

  • BYMA (Bolsas y Mercados Argentinos). BYMA is the principal stock exchange in Argentina, designed to integrate and represent the leading market players within the local financial market. Through its modern, agile, and competitive platform, BYMA provides enhanced transparency and liquidity, catering to the needs of a growing and demanding market. This development is essential for advancing the country's participation in global markets and attracting international investors.

Investor Protection in Argentina

Regulatory bodies such as the CNV and the Central Bank of Argentina are committed to safeguarding investor interests. They monitor market activities, investigate infractions, and enforce regulations to promote fair and transparent trading practices. While Argentina does not have a specific investor protection fund like some other countries, regulatory measures are implemented to mitigate risks and uphold market integrity. Educational programs and resources are available to investors to enhance their understanding of investment risks and opportunities.

How We Compiled the List of Top Forex Brokers in Argentina

Our approach to identifying the leading Forex trading platforms in Argentina was marked by thorough research and a comprehensive set of criteria:

  1. In-Depth Research and Assessment: We started by gathering a broad list of Forex brokers, ensuring they met our predefined standards. Each broker was carefully evaluated using a detailed methodology to impartially assess their services and operational efficiency.

  2. Regulatory Compliance: We focused on reputable Forex brokers regulated by recognized financial authorities such as the FCA, ASIC, and CySEC. This ensures that brokers operate transparently and adhere to stringent financial standards.

  3. Trading Conditions and Platforms: Brokers were examined based on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments offered. We also assessed the quality and usability of their trading platforms, favoring those that provide popular platforms like MetaTrader 4 and MetaTrader 5, along with proprietary platforms with advanced features.

  4. Customer Support and Localization: The quality of customer support was a crucial consideration, with a focus on the availability of support in Spanish and accessible communication channels. Additionally, we prioritized brokers that offer localized services, such as websites and educational resources in Spanish, to better serve Argentine traders.

  5. User Feedback: We incorporated genuine feedback from traders who have firsthand experience with these brokers to provide a comprehensive view of each broker's strengths and weaknesses. This includes aspects such as ease of use, customer service experiences, and overall satisfaction.

FAQ

Yes, Forex trading is legal in Argentina. Traders must ensure they are dealing with brokers regulated by the Comisión Nacional de Valores (CNV) or other reputable international regulators to ensure compliance with local laws and regulations.

What Are the Best Forex Brokers in Argentina?

The best FX brokers in Argentina are typically those regulated by the CNV or recognized international bodies like the FCA, ASIC, and CySEC. They offer competitive spreads, robust trading platforms, and strong customer support. Examples include XM, IC Markets, and AvaTrade.

How to Choose the Best Forex Broker in Argentina?

To choose the best Forex broker in Argentina, consider factors such as regulatory compliance, trading conditions, platform usability, customer support quality, and user reviews. Look for brokers with favorable terms that align with your trading strategy.

How Can I Verify if a Forex Broker is Regulated in Argentina?

You can verify a Forex broker’s regulation status in Argentina by checking the Comisión Nacional de Valores (CNV) website or the broker’s website for their regulatory information. Additionally, you can contact the CNV directly for confirmation.

What Are the Trading Conditions for Forex Brokers in Argentina?

Trading conditions for Argentinian Forex brokers include factors like spreads, commissions, leverage, minimum deposit requirements, and available trading instruments. These conditions vary by broker, so it’s essential to compare different brokers to find the best fit for your needs.

Do I Need to Pay Taxes on Forex Trading in Argentina?

Yes, profits from Forex trading are generally subject to taxes in Argentina. The specific tax obligations depend on the legal structure of the trading entity and the nature of the income. It is advisable to consult with a tax professional to understand your tax responsibilities.

Which Broker is Best for Beginners in Argentina?

The best broker for beginners in Argentina typically offers educational resources, a user-friendly platform, and excellent customer support. Brokers like RoboForex, XM, and AvaTrade are often recommended for beginners due to their comprehensive educational tools and easy-to-navigate interfaces.

Is Forex Trading Safe in Argentina?

Forex trading is as safe in Argentina as it is in other parts of the world, provided you use a reputable and regulated broker. It’s important to conduct thorough research and ensure the broker adheres to strict regulatory standards to protect your investments.

What Are the Common Fees and Charges of Forex Brokers?

Common fees and charges include spreads, commissions, overnight financing fees (swap rates), withdrawal fees, and inactivity fees. These charges can vary widely between brokers, so it’s important to review each broker’s fee structure before opening an account.

What Payment Methods Are Accepted by Argentine Forex Brokers?

Argentine Forex brokers typically accept various payment methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Some brokers may also accept local payment methods specific to Argentina.

What Leverage is Available for Forex Traders in Argentina?

The leverage available to Forex traders in Argentina depends on the broker and the trader’s experience level. Leverage can range from 1:30 for retail traders to much higher ratios for professional traders. Always use leverage cautiously due to the increased risk it entails.

Can You Make Money with Forex Trading?

Yes, it is possible to make money with Forex trading in Argentina, but it involves substantial risk and requires a solid understanding of the market, effective trading strategies, and risk management practices. Success in Forex trading is not guaranteed and can result in significant financial loss.

What Are the Forex Trading Hours in Argentina?

Forex trading operates 24 hours a day, five days a week. In Argentina, the Forex market opens on Sunday at 5 PM local time and closes on Friday at 5 PM local time, aligning with the global Forex market hours.

Which Trading Instruments Are Available in Argentina?

Argentinian Forex brokers typically offer a variety of trading instruments, including currency pairs, commodities, indices, stocks, and cryptocurrencies. The specific instruments available can vary between brokers.

What Is Negative Balance Protection in Forex Trading?

Negative balance protection ensures that traders cannot lose more money than they have deposited in their trading accounts. This feature protects traders from incurring significant debt due to highly leveraged positions.

Can I Trade Forex Without a Broker in Argentina?

No, you cannot trade Forex without a broker. Brokers provide the necessary platform and access to the Forex market. However, you can choose from various types of brokers, such as market makers or ECN brokers, depending on your trading preferences.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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